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188E/888E Investment Immigration
188E Entrepreneur stream (Entrepreneur stream), also known as 188E entrepreneur visa, is one of the three major categories of Australian business immigration 188 visa. It is a new visa launched by the Australian Immigration Bureau in September 2016, aiming to attract talents who have business investment capabilities and can contribute to the Australian economy.
As a new member of the 188 series of visas, 188E is a comprehensive business investment and skilled immigration visa, suitable for those who can obtain at least 200,000 Australian dollars in investment funds from “compliant third parties” (government, schools, venture capital companies, etc.), the plan Business talents who conduct business activities or commercialize certain products or services in Australia.
This visa has no work experience, business background, family assets, system score, etc. requirements for applicants. If you hold a 188E visa and continue to operate a business for four years, and have lived in Australia for two years within four years, you can apply for business innovation and investment permanent residence. Visa (888 visa).
188E Entrepreneur Temporary Residence Visa
Main advantages of 188A visa
Main advantages of 188E visa
1. No work experience required
2. No successful business background required
3. No personal or family asset requirements
4. No source of funds required
5. No scoring required
6. Can apply for Australian permanent residence visa (888 visa)
7. Enjoy free medical care and other social welfare allowances in Australia
188E visa general requirements
1. Under the age of 55 (unless exempted by the state government)
2. The applicant needs state government guarantee
3. English has reached IELTS 4 6 or equivalent English level
4. Obtain an investment fund of no less than 200,000 Australian dollars from a “compliant third party”
188E visa application conditions
1. The main applicant is under the age of 55 or exempted from age through the state government
2. Need to obtain state government guarantee
3. English has reached IELTS 4 6 or equivalent English level
4. Have a genuine intention to carry out compliant innovative and entrepreneurial activities in Australia. The business activities must be related to innovative ideas, excluding residential real estate, labor employment, purchase of ready-made businesses and franchise chain enterprises;
5. Compliant entrepreneurial activities in Australia must have a genuine intention to continue operating and must meet all of the following conditions:
● Obtain no less than 200,000 from one or more “compliant third parties” from federal government agencies, state or territory governments, publicly funded research institutions, venture capital firm investors (VCLP or ESVCLP), and designated higher education institutions. Australian dollar investment
● At least 10% of the funds invested in the startup within 12 months of the business launch
● The main applicant holds no less than 30% of the shares in innovative companies engaged in “approved business practices”
● Provide business plan
● Applicants (and family members) meet the requirements of good health and clean criminal record
188E visa application process
1. Submit an Expression of Interest (EOI) online
2. Apply for state government guarantee
3. Obtain state government guarantee
4. Receive EOI invitation
5. Submit visa application within 60 days
6. Physical examination and payment of language training fees
7. Obtain a 4-year 188E visa
188E visa processing cycle
Visa application stage: 9-12 months
188E visa application fee
1. State sponsorship application fee:
It depends on the standards of each state, ranging from free to hundreds of Australian dollars
2. Visa application fee:
Principal Applicant: AU S 4045.00
Over 18-year-old assistant caller: AU $ 2,025.001
Sub-applicant under 8 years old: AU $1,010.00
3. English Contribution Fund
If the main applicant does not have an IELTS report card with a total score of 4.5, pay a language fee of AUS 9,795.00
Spouse or accompanying children over the age of 18, if the IELTS score does not reach a total score of 4.5, a language learning fee of AU $, 890.00/person is required
(Note: The above fees are subject to the final fees charged by the Australian immigration department).
888E investor permanent residence visa
888E visa application requirements
Meet the requirements for successful innovation and entrepreneurship (only need to meet 2-3)
1Hire at least two local Australian employees
2. Submit a patent application, or obtain a standard or innovation patent
3. Turnover exceeds A$300,000
4. Received the second venture capital investment
5. Established a cooperative relationship with the university
6. The company is acquired, more than 2 million Australian dollars
7. Get corporate sponsorship
8. Obtain state/territory support
9. Receive an official award
888E visa application process
1. Submit state government EOl
2. Submit 888E application to the Immigration Bureau
3. Physical examination.
888E visa processing cycle requirements
Visa application period: 12 months
888E visa application fee
Main Applicant: AUD 2,590
Sub-applicant over 18 years old: AUD 1,300
Sub-applicants under the age of 18: AUD 645